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Equilibrium analysis of electricity market is of great importance not only for market operator and regulator to investigate the market power and other relevant issues, but also vital for market participants to determine the bidding strategies to maximize their own profits. Among different equilibrium models, Cournot model is widely used due to its explicit economic meaning and relatively high computation...
Market power is one of the main concerns in the Italian electricity market. Transmission constraints and highly concentrated ownership structure in the market have been allowing firms to exercise market power and raise electricity prices above marginal cost. This paper presents a supply function equilibrium (SFE) model for analyzing the exercise of potential market power in the Italian electricity...
The RTDS Simulator is a fully digital, real time power system simulator widely used in the industry. The system provides continuous real time electromagnetic transient simulations based on the Dommel algorithm. The simulator hardware and software have both undergone many improvements since the simulator was first introduced in the early 1990's. The improvements have increased the performance of the...
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